Ixigo listing today: Stock expected to list at 30% premium to IPO price - Hindustan Times
close_game
close_game

Ixigo listing today: Stock expected to list at 30% premium to IPO price

Jun 18, 2024 08:51 AM IST

Ixigo IPO opened for subscription on June 10 and concluded on June 12. By the final day of bidding, it was subscribed 98.34 times.

Shares of Le Travenues Technology, parent company of travel aggregator Ixigo, may make a decent debut on bourses today. Ahead of the listing, the shares were trading at a 31 per cent premium in the grey market- implying that the stock should list at more than 30 per cent premium from its issue price of 93 a share.

Ixigo IPO: The price band of the IPO was <span class='webrupee'>₹</span>88-93 a share and the issue comprised a fresh issue of <span class='webrupee'>₹</span>120 crore.
Ixigo IPO: The price band of the IPO was 88-93 a share and the issue comprised a fresh issue of 120 crore.

Read more: Bajaj Housing Finance' 7,000 crore IPO to be launched soon, DRHP filed: Key things to know

Ixigo IPO subscription

The IPO received massive subscription as Non-institutional investors subscribed to the issue 110.53 times, institutional investors 106.73 times, and retail investors 54.85 times on the final day. The Ixigo IPO was the 10th most subscribed IPO of 2024.

Ixigo IPO details

Read more: Hyundai Motor files for IPO of almost $3 billion, likely India's biggest

The IPO opened for subscription on June 10 and concluded on June 12. By the final day of bidding, it was subscribed 98.34 times. The price band of the IPO was 88-93 a share and the issue comprised a fresh issue of 120 crore and an offer for sale of up to 66.68 million shares which was at 620 crore on the upper price band.

Read more: Nine IPOs coming next week, 24 in total over next few months

Selling shareholders in the OFS are SAIF Partners India IV, Peak XV Partners Investments V, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, Placid Holdings, Catalyst Trusteeship, and Madison India Capital HC.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Catch every big news on Union Budget 2024, Nirmala Sitharaman's announcements, income tax changes and much more on a one stop destination.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, July 19, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On